OTCPK:TOUBF - Post by User
Post by
LongoGlueStickon Aug 29, 2011 6:35pm
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Post# 18991082
is the halt good or bad?
is the halt good or bad?I, like many traders/investors reacted with disbelief when the halt was placed on TRE.to only to then see it trade on the PINK sheets while traders in Ontario could do absolutley nothing with their shares.
A good part of me thinks that Mr. Weston is a goof (and we know the reasons why). This move by the OSC was heavy -handed.
But now I am wondering if the halt was a blessing in disguise. Both longs and SHORTS like Mr. Block have to wait and see what the OSC/COmmittee uncovers, and how serious it is. Is Sino a massive fraud? Or were their some minor, innappropriate financial dealings? Do Mr. Blocks allegations warrant the stock falling from $25 to $1.37 or whatever?
The bottom line here is that all of us must wait and see what is going to happen. The halt should have protected SINO's market cap from falling further, but with trading on Friday on the pink sheets, it kept falling... While we couldn't do anything to stop it. I guess with SINO being halted on both exchanges we just have to wait and see. But for me, everyone is on an equal footing right now, both LONGS and SHORTS.
I watched Mr. Block from Brazil today on Bloomberg and to me it looks like he has not gotten a lot of sleep!
Good luck to all.